Emmerson Resources (ERM)

Emmerson Resources
jumped 8.3 per cent on Tuesday after the gold and copper explorer said it had found multiple “very thick" zones of copper mineralisation during its step-out drilling program at its Monitor discovery. Monitor is only 2.5 kilometres from its Goanna discovery, which also holds multiple zones of high-grade copper. Management believes that there is a good chance it will find high-grade gold under the copper zone at Monitor as it did at Goanna. Both are part of the Tennant Creek project in the Northern Territory. The results from a further eight drill holes will be released over the next few weeks, and the explorer is focusing on finding additional gold zones under the copper mineralisation at both discoveries. Emmerson is one of the best performing mining juniors over the past year, with the stock jumping 73 per cent compared to a fall of 21 per cent for the S&P/ASX Small Cap Resources Index.